EVERTEC and NYCE Expand U.S. Merchant Point of Sale Access for Puerto Rican and U.S. Virgin Island ATH Network Cardholders

  
    
  
  
    
      EVERTEC, the ATH Network’s processing firm for 
      Latin America and the Caribbean, today announced an agreement with NYCE 
      Payments Network, LLC, a leading U.S. payments network and a subsidiary 
      of Metavante Corporation, that will enable purchases throughout the U.S. 
      for holders of ATH debit cards issued by ATH Network-affiliated banks 
      and cooperatives in Puerto Rico and the U.S. Virgin Islands.
    
    
      The new service will allow customers to use their ATH debit card and PIN 
      to pay for purchases at any U.S. merchant that accepts NYCE. “Each 
      year, Puerto Ricans make millions of trips to the U.S. mainland,” 
      said ATH Network’s first vice president, Jorge 
      Hernández. “This 
      agreement enables them to make purchases using their ATH debit card as 
      easily as they do in Puerto Rico.”
    
    
      “By partnering with EVERTEC and the ATH 
      Network, NYCE continues to deliver on its mission of expanding the 
      benefits from electronic payments as broadly as possible,” 
      said Frank D’Angelo, group president, 
      Metavante Payment Solutions.
    
    
      Added Steve Rathgaber, NYCE president and chief operating officer: “NYCE 
      and EVERTEC together are increasing PIN debit purchasing power for ATH 
      cardholders, and we’re delivering new, 
      cost-effective payment card transactions to NYCE retailers.”
    
    
      The ATH-NYCE partnership makes a potential 2.2 million PIN debit cards 
      eligible for use at NYCE-affiliated retailers. Additionally, ATH Network 
      affiliated financial institutions, including cooperatives, will offer 
      their clients the flexibility of using their debit cards at any of the 
      more than 1.3 million retailers that accept NYCE.
    
    
      With this service, the ATH Network is expected to generate more than 1 
      million annual transactions in the U.S. According to Hernández, 
      “Consumers should be confident that all their 
      transactions will be made according to all the same security protocols, 
      using their PIN, as they do in Puerto Rico.”
    
    
      “This new partnership will be of particular 
      benefit to young Puerto Rican residents studying in the U.S.,” 
      Hernández said. “Now 
      they will be able to make secure payments to participating businesses, 
      without first having to find an ATM to withdraw the cash their parents 
      have deposited for them back home. At the same time, the ability to make 
      purchases at most stateside businesses using an ATH debit card 
      eliminates the need for travelers from the Island to carry large amounts 
      of cash or purchase traveler’s checks.”
    
    
      Hernández added, “By 
      using their PIN just as they do in Puerto Rico, ATH Network users can 
      rest assured that their transactions will be processed with the speed 
      and security to which they’re accustomed.”
    
    
      About EVERTEC
    
    
      EVERTEC Inc., a Puerto Rican company with international operations, 
      provides its customers with transaction processing services and 
      technological solutions for business management. It also operates the 
      region’s most extensive network of 4,400 
      automated teller machines and 84,000 point of-sale payment terminals in 
      Puerto Rico, the Caribbean, Costa Rica, Guatemala, and El Salvador, in 
      addition to over 170 financial institutions. EVERTEC is the Caribbean’s 
      leading processor of electronic transactions, processing more than 35 
      million monthly transactions. It currently has clients in Puerto Rico, 
      the U.S., the Dominican Republic, Costa Rica, Venezuela, Haiti, 
      Guatemala, El Salvador, Honduras, Bermuda, Belize and Nicaragua.
    
    
      About NYCE
    
    
      NYCE Payments Network, LLC, helps its clients grow with innovative new 
      products and strategic alliances that enable them to capitalize on the 
      efficiency, consumer convenience and security of electronic, real-time 
      payments. The NYCE Network provides consumers with secure, real-time 
      access to their money, connecting the accounts of more than 74 million 
      cards with 275,000 ATMs, and 1.3 million point-of-sale locations 
      nationwide. Headquartered in Secaucus, N.J., NYCE Payments Network, LLC, 
      (www.nyce.net) is a Metavante company. 
      Metavante is the banking and payments technology subsidiary of Marshall 
      & Ilsley Corporation (NYSE:MI).
    
    
      Metavante and NYCE are registered trademarks of Metavante Corporation.